Revolut founder shares 7 tips for building high-performance startups

Sep10
by on September 10, 2024 at 3:18 pm
Posted In: Uncategorized


Nik Storonsky founded Revolut in 2015, gradually engaging consumers with the world of neobanks. Despite ups and downs throughout its journey, last month the startup became Europe’s most valuable private tech company reaching a valuation of $45bn. Storonsky is also among the European founders who have set up funds for other startups. In 2022, he launched VC firm QuantumLight, which focuses on AI-driven investments. QuantumLight has published today a playbook with step-by-step guidelines on how to build high-performance startups. “We are publishing best practices that I wish I had access to in the early days of Revolut,” said Storonsky, who co-wrote…

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The UK could be home to ‘quantum Nvidia’, says algorithm startup

Sep09
by on September 9, 2024 at 11:01 pm
Posted In: Uncategorized


The governmental deep tech funding landscape in the UK has been in a bit of a turmoil over the past few months. Funds have been promised by one government and then whisked away by another in the space of less than a year. While the UK government recently announced £100mn in support for five “quantum hubs,” the country’s quantum sector is concerned over the level of funding security — and how increasingly risk-averse regulation could stifle international cooperation. Phasecraft is a leader in quantum algorithms — computational methods designed specifically for quantum computers and their qubits. Its mission is to…

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Europe has opened a door to a universal wallet. The web’s inventor wants to enter

Sep06
by on September 6, 2024 at 4:46 pm
Posted In: Insider


Imagine you’re moving to the destination of your dreams. A tropical paradise by the sea? An enchanting mountain village? A sun-kissed chateau surrounded by vineyards? Take your pick. All you need to do is pack a smartphone. You catch a cab to the station, scan a turnstile, and board a train to the airport. On arrival, you stroll through a biometric corridor and straight on to your plane. After your flight touches down, you collect a rental car. You flash a digital driver’s licence to unlock the door.  You drive to your new home. On the way, you stop off…

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First metal part 3D-printed in space paves way for deeper cosmic missions

Sep06
by on September 6, 2024 at 2:49 pm
Posted In: Space


Astronauts aboard the International Space Station (ISS) have used ESA’s metal 3D printer to forge the first-ever metal part made entirely in space.  The achievement was part of a collaboration between ESA and Airbus that looks to develop Europe’s capabilities in space manufacturing. It could mark a step toward greater autonomy for long-term missions to the Moon, Mars, and beyond. “Creating spare parts, construction components, and tools on demand will be essential for long-distance and long-duration missions,” said Daniel Neuenschwander, director of human and robotic exploration at ESA.  Built by Airbus, the 180kg printer can be used to repair or…

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Europe’s biggest floating solar farm could power a large town

Sep06
by on September 6, 2024 at 12:09 pm
Posted In: Uncategorized


Berlin-based renewable energy firm Q Energy has secured €50mn in debt finance to complete work on Europe’s largest floating solar farm, set to power up next year. The plant is already under construction at the site of a former quarry in the Haute-Marne region of France. Once finished, the farm will comprise 134,649 floating solar panels covering an area equivalent to 180 football pitches. The huge 73MW array will cater to the electricity needs of around 37,000 people, Q Energy estimates.  Floating solar farms — or “floatovoltaics” — work much like their land-based cousins, but on water. Each one comprises…

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